that is a good looking logo...if they modernized it slightly (no change in design, just sharpen it and update backgrounds, etc) I'd be happy - when I buy LSU merchandise, it either has this logo on it or the letters LSU. I do not buy toonces...never have never will.
Could white out the eyes to give it more of a ghost effect... For example: http://i201.photobucket.com/albums/aa54/furduknfish/Logeaux_2.jpg